Nuveen Multi Correlations

NMAI Stock

USD 13.20 0.07 0.53%

The current 90-days correlation between Nuveen Multi Asset and Yulong Eco Materials is -0.02 (i.e., Good diversification). The correlation of Nuveen Multi is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Nuveen Multi Correlation With Market

Very weak diversification

The correlation between Nuveen Multi Asset Income and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Multi Asset Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nuveen Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Multi Asset Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Nuveen Stock

0.81	VINP	Vinci Partners Inves	Pair Corr
0.65	WWH	Worldwide Healthcare	Pair Corr
0.7	HQH	Tekla Healthcare Inv Potential Growth	Pair Corr
0.76	BIOG	Biotech Growth	Pair Corr
0.9	LWI	Lowland Investment Earnings Call Today	Pair Corr
0.88	ATT	Allianz Technology Trust	Pair Corr
0.86	JFJ	JPMorgan Japanese	Pair Corr
0.8	BRFI	BlackRock Frontiers Earnings Call Today	Pair Corr
0.85	OIT	Odyssean Investment Trust	Pair Corr
0.89	FCIT	FC Investment Trust	Pair Corr
0.89	TMPL	Temple Bar Investment	Pair Corr

Moving against Nuveen Stock

0.81	LIT	Litigation Capital	Pair Corr
0.73	VRTS	Virtus Investment	Pair Corr
0.58	ICG	Intermediate Capital	Pair Corr
0.42	LIO	Liontrust Asset Mana	Pair Corr
0.39	FDUS	Fidus Investment Corp	Pair Corr
0.36	PRIM	Primorus Investments plc	Pair Corr
0.36	MMIT	Mobius Investment Trust	Pair Corr
0.82	TAVI	Tavistock Investments Plc	Pair Corr
0.74	PNNT	PennantPark Investment	Pair Corr
0.63	RECI	Real Estate Credit	Pair Corr
0.59	LTI	Lindsell Train Investment Split	Pair Corr
0.45	MAM	Microequities Asset	Pair Corr
0.38	AIQ	Alternative Investment	Pair Corr
0.34	OCI	Oakley Capital Inves	Pair Corr
0.32	LEND	Sancus Lending Group	Pair Corr

Related Correlations Analysis

	SBGI	YORUY	VIDE	YECO	UNVGY	RYAAY	TME	AIQUF
SBGI		0.0	0.0	0.5	-0.49	0.37	-0.69	-0.35	SBGI
YORUY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	YORUY
VIDE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	VIDE
YECO	0.5	0.0	0.0		-0.64	0.35	-0.58	-0.55	YECO
UNVGY	-0.49	0.0	0.0	-0.64		-0.71	0.83	0.84	UNVGY
RYAAY	0.37	0.0	0.0	0.35	-0.71		-0.69	-0.72	RYAAY
TME	-0.69	0.0	0.0	-0.58	0.83	-0.69		0.8	TME
AIQUF	-0.35	0.0	0.0	-0.55	0.84	-0.72	0.8		AIQUF
	SBGI	YORUY	VIDE	YECO	UNVGY	RYAAY	TME	AIQUF

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AIQUF	+ 0.84	UNVGY
TME	+ 0.83	UNVGY
AIQUF	+ 0.8	TME
YECO	+ 0.5	SBGI
RYAAY	+ 0.37	SBGI
RYAAY	+ 0.35	YECO

High negative correlations

AIQUF	- 0.72	RYAAY
RYAAY	- 0.71	UNVGY
TME	- 0.69	RYAAY
TME	- 0.69	SBGI
UNVGY	- 0.64	YECO
TME	- 0.58	YECO

Risk-Adjusted Indicators

There is a big difference between Nuveen Stock performing well and Nuveen Multi Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Nuveen Multi's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SBGI	1.60	0.15	0.05	(1.85)	1.62	(1.91)	3.43	(2.80)	23.05
YORUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VIDE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
YECO	1.24	0.05	0.00	0.14	0.00	0.00	0.00	0.00	23.46
UNVGY	1.22	(0.15)	0.00	1.00	0.00	0.00	1.93	(3.66)	10.02
RYAAY	1.31	0.08	0.04	0.18	1.46	(1.43)	3.74	(2.60)	6.85
TME	1.73	(0.45)	0.00	(0.57)	0.00	0.00	3.39	(4.39)	12.10
AIQUF	0.89	(0.12)	0.00	(0.60)	0.00	0.00	1.80	(2.41)	4.84

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